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IN RE JET FLORIDA SYSTEM, INC.

Bankruptcy No. 84-01223-BKC-SMW, Adv. No. 89-0355.

105 B.R. 137 (1989)

In re JET FLORIDA SYSTEM, INC., f/k/a Air Florida System Inc., Debtor. In re AIRPORT SYSTEMS, INC., f/k/a Air Florida, Inc., Debtor. PHOENIX VENTURES, INC., Plaintiff, v. COMPANIA PANAMENA de AVIACION, S.A., Defendant.

United States Bankruptcy Court, S.D. Florida.

September 25, 1989.

Attorney(s) appearing for the Case

John K. Olson, Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A., Tampa, Fla., for plaintiff.

Ricardo A. Arias, Galindo, Arias & Lopez, Panama 5, Panama, for defendant.

FINDINGS OF FACT AND CONCLUSION OF LAW

SIDNEY M. WEAVER, Bankruptcy Judge.

This cause came on for trial on September 19, 1989, on the Complaint filed by Phoenix Ventures, Inc. ("Phoenix"), as reorganized successor to the Debtors (collectively, "Air Florida") seeking to recover as a preference $13,575 paid by the Debtors on May 31, 1984, through Airlines Clearing House, Inc. ("ACH"), to the Defendant Compania Panamena de Aviacion, S.A. ("COPA").

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